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Mothers
DEPARTMENT OF TRADE
1 Victoria Street, London SWIH OET Press Office: 01-215 5061 Out of hours: 01-215 7877
Press notice
October 31 1979
PROTECTION OF TRADING INTERESTS BILL PUBLISHED
Mr John Nott, Secretary of State for Trade, today introduced into the House of Commons the Protection of Trading Interests Bill.
The objective of the Bill is to provide better protection to companies and individuals in the United Kingdom against attempts by overseas countries to impose their domestic legislation and regulations outside their own territory. It also makes certain overseas judgements unenforceable in the UK.
The Bill was foreshadowed by Mr Nott in his speech to the British-American Chamber of Commerce in Los Angeles on September
14 (see Notes to Editors 4). It has four major components:
*It provides means by which the Secretary of State may counter measures. taken or proposed under the law of another country which would damage the trading interests of the United Kingdom.
*It provides that the Secretary of State may prohibit
compliance with certain requirements of a court or authority
in an
overseas country seeking commercial documents or information located outside that country.
*It provides that judgements for multiple damages (see Notes to Editors 5) given in civil proceedings by courts of overseas countries shall not be enforceable in the United Kingdom
It also provides that judgements given in overseas countries, based on certain competition laws, which the Secretary of
State may specify by Order, shall not be enforceable in the United Kingdom.
No comments yet.
Private notes are available after approval.